New SandRidge CEO Expects Fiscal Discipline

SandRidge Energy Inc. will focus on drilling its most promising oil and gas properties while running a tight fiscal ship, new Chief Executive James Bennett said Thursday.

The company will be following a strategy put in place by a recently revamped board. Mr. Bennett, who had served as SandRidge's chief financial officer since 2011, on Wednesday replaced embattled founder Tom Ward, who is getting a severance package valued at about $90 million. Mr. Ward's compensation and allegations of self-dealing were at the center of a...